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of $15 a barrel oil by 2025. in terms of prices, we're talking about in the environment similar to today's, maybe slightly worse, in order to hit those and provide incentive to hit those will targets and also to dampen demand. that is part of the iaea calculus. you have both the production and demand side. an order for us to even in part a modest amount and get to that point requires a major steps forward in fuel efficiency. host: so who is benefiting the most? guest: the middle east continues to benefit tremendously. opec countries share a global connection forecast to go up -- production forecast to go up to nearly half of world oil supplies. the middle east remains a big beneficiary. the u.s. will be better off in those terms than it would be without this increase will bring production. we will be keeping more money at home. oil makes up about two-thirds of our trade deficit now. that number will decline. oil companies that do very well with higher prices will continue to do very well. host: back to the idea of shale gas. you mentioned some parts of the country where this is happening
cannon. the cost of the debt service in that environment will be enormous. investors and retirees with social security and state debt will see their portfolios lose value. home buyers will see the cost of mortgages to rise and home owners will likely see the price of their homes fall. as few buyers qualify for these mortgages. the government could have its back to the wall at that point and we would be forced to embrace more drastic steps to ensure fiscal balance of the government does not take action now. why hasn't the government taken action? let's be candid -- putting aside the rhetoric -- rhetoric and the possible last two weeks, the behavior in washington in recent years confirms we have lost the ability to compromise. politicians who attempt to move to the center are set upon by their own side. one size faces continuing pressures never allowing a cent of spending cuts and there's a call countervailing opinion from the others as a reserve -- the other side that does not want a tax increase. each side of states the other side cannot win no matter what the consequences. the va
states military are fighting on our behalf day in and day out so we can live in a safe environment here at home. our service members are well aware of the risks that they face as they serve this nation. and it is our duty to do all that we can to honor those who fight and pay the ultimate price for our freedoms. today i'm here to pay my respects to sergeant jason m. swindoll, an arrest kansas who at 24 years -- an arkansan who was 24 years of age. he attended high school in cabot, arkansas, assigned to b company, first battalion, 64th regiment, third infantry division in fort stewart, georgia. he was serving his third combat deployment. he was' thaoupl mustily awarded -- he was awarded the bronze star and purple heart. his family and friends describe him as being a fun-loving guy who was very patriotic and very proud of the work he was doing in the army. in addition to being a soldier, sergeant swindoll was also a husband and father. he lives behind his wife chelsea, who is expecting their second child, and a one-year-old son, paxton. mr. president, it is people like jason swindoll who
Search Results 0 to 2 of about 3

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